Tamil Nadu-Genco Invites Bids for 1 Gigawatt of Solar Power Projects

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Researched by Industrial Info Resources India (Delhi, India)--Tamil Nadu's government-owned enterprise Tamil Nadu Generation and Distribution Company (TANGEDCO) (Chennai, Tamil Nadu) has invited bids from developers of solar power projects to establish, maintain and operate solar power plants with capacities of 1 megawatt (MW) or more in the Indian state. The solar power generated by these plants will be procured by TANGEDCO under a long-term power purchase agreement.

The southern Indian state has set an ambitious target to develop solar power plants with a total capacity of 3,000 MW within the next three years. The state recently released a solar power policy that aims to add 1,000 MW of solar capacity each year until 2015. Under the policy, capacity additions of 1,500 MW have been envisaged through utility-scale projects: 350 MW from solar rooftop applications, and the remaining 1,150 MW through a renewable energy certificate mechanism.

Apart from the responsibility to establish, maintain and operate the solar power plants, the scope of the work for the developers will include the erection of the power evacuation line connecting the proposed solar power plant and TANGEDCO or Tamil Nadu-TRANSCO's substation. The state utility will execute bay extension work and other improvement work under a deposit contribution works basis.

The selected developers would be required bear the cost of the bay extension work to be executed by TANGEDCO or TANTRANSCO, after finalization of the transmission system required for evacuation of power. The developers also will pay 50% of the material cost for the bay extension toward operation and maintenance of the bay for the entire life period.

As per the financial criteria set by TANGEDCO, the bidder-firm should have a net worth of at least Rs 1 crore per MW of the proposed project capacity. Sale of Bid document is closing on January 2, 2013, and the deadline for bid-submission is January 4, 2013.

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